Non-Resident Commercial
The Non-Resident Commercial home loan is designed for foreign borrowers looking to invest in Australian Commercial property in the Melbourne, Sydney or Brisbane areas. Available for purchase or refinance with a loan term of 2 years.
Some product highlights include:
- Purchase or Refinance (cash out not acceptable)
- 70% Maximum LVR for House, Townhouse and low rise apartments (9 storeys and less)
- 60% Maximum LVR High Rise Apartments (in buildings over 10 storeys and above)
- Loan term 2 years with interest only repayments
- PAYG or Self-employed borrowers
- Maximum loan amount $2m (up to 70% LVR) or $5m (up to 65% LVR)
- Foreign Investment Review Board (“FIRB”) approval required
- Available to borrowers with income from acceptable countries
- All income documents are to be translated into English by a NAATI approved translator and a XE currency conversion to be completed
